Regions Financial Co. (NYSE:RF) Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC grew its holdings in Regions Financial Co. (NYSE:RF) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 31,526 shares of the bank’s stock after buying an additional 1,017 shares during the period. Frank Rimerman Advisors LLC’s holdings in Regions Financial were worth $741,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RF. Y.D. More Investments Ltd grew its position in shares of Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after purchasing an additional 634 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Regions Financial during the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management lifted its stake in shares of Regions Financial by 2,354.9% during the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock valued at $29,000 after buying an additional 1,201 shares during the period. Truvestments Capital LLC purchased a new position in shares of Regions Financial during the third quarter valued at approximately $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Regions Financial during the third quarter valued at approximately $37,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on RF. The Goldman Sachs Group upped their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Compass Point upped their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Truist Financial upped their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Citigroup cut their price target on shares of Regions Financial from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.

Regions Financial Price Performance

RF opened at $21.45 on Friday. The company has a fifty day simple moving average of $23.67 and a 200 day simple moving average of $24.00. The firm has a market cap of $19.42 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. Equities research analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date is Monday, March 3rd. Regions Financial’s payout ratio is 51.55%.

Insider Activity at Regions Financial

In related news, Director Joia M. Johnson acquired 2,300 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $21.18 per share, with a total value of $48,714.00. Following the acquisition, the director now directly owns 17,486 shares in the company, valued at approximately $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders bought 4,523 shares of company stock valued at $102,269. Corporate insiders own 0.29% of the company’s stock.

Regions Financial Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.